Internal Audit Assistant Vice President

Year    KA, IN, India

Job Description

Who we are looking for
We are seeking an Assistant Vice President (AVP) to join the Global Issue Assurance (GIA) Team, which is part of State Street's Corporate Audit function. Corporate Audit serves as an independent assurance function that evaluates the effectiveness of governance, risk management, and internal controls across the enterprise.
The GIA team monitors and validates the remediation of audit issues, ensuring risks are managed in accordance with corporate policies, local regulations, and industry best practices. As a member of the GIA team, you will be responsible for the end-to-end validation of remediation plans (RPs) across all business functions. This role involves assessing internal controls and reviewing evidence to verify the adequacy of remediation activities. Additionally, you will produce detailed closure memos summarizing the validation results and communicate the outcomes to Corporate Audit and Business stakeholders. The issue validation will be performed in accordance with State Street's audit methodology and regulatory expectations. You will also support audit management by providing effective governance and oversight of audit issue validation globally.
This role is based in Bengaluru and will require collaboration with global teams.
Why this role is important to us
The team you will be joining plays an important role in the overall success of the organization. Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability; regulators rely upon us to provide assurance that the bank operates in a manner that is compliant with key banking regulations to properly manage risks to the company and the global financial systems. In your role, you will help us build resilience and execute day to day deliverables at our best. Join us if making your mark in the financial services industry from day one is a challenge you are up for.
What you will be responsible for
This role involves a variety of tasks that are crucial for maintaining the quality, integrity and effectiveness of the GIA team. As an AVP you will:Review corrective actions taken by management to address deficient conditions and underlying root cause to ensure the actions are effective and sustainable. Obtain and analyze evidence to draft informed and objective opinions on the adequacy and effectiveness of controls and remediation plans under review. Review issue validation workpapers and closure memos to ensure execution is in line with internal standards and that conclusions are properly supported. Work in partnership with business area management to communicate issue validation outcomes and expectation. Support audit management by producing Management Information and reports required for the effective governance and oversight of the GIA team. Escalate potential issues or obstacles which may arise, to audit management along with proposed solutions to address them. Establish and maintain strong client relationships with various lines of management, fostering trust and collaboration. Cultivate an atmosphere of collaboration and communication while equipping team members with the necessary tools for success. Coach and mentor audit staff as part of their ongoing development. Contribute to Corporate Audit strategic initiatives through active participation in working groups and adoption of practices in day-to-day responsibilities. Assist in the onboarding of audit staff, as required, helping new team members integrate and understand their roles.

What we value
These skills will help you succeed in this role:The ability to operate in a complex, non-routine and fast-paced environment that requires working independently and as part of a team. Experience in developing and managing project strategy, leading team efforts, overseeing deliverables, resolving issues and prioritizing actions Ability to clearly demonstrate proficiency in critically evaluating business processes, identifying inherent risk and testing associated internal controls. A high degree of professionalism and proficient organizational, analytical, problem solving and project management skills. Excellent communication (written and verbal), interpersonal and presentation skills Proven ability to research, interpret and apply regulatory requirements. Fluency in English - written and spoken.

Education & Preferred Qualifications8+ years of experience in Public Accounting, Internal Auditing, focusing on Financial Services - custody, asset management, capital markets, investment management, etc. Bachelor's degree, preferable in finance, accounting or related field. Advanced degree or certification (ACA, ACCA, CFA, FRM) preferred. Experience in auditing information technology general controls preferred or associated professional qualification (e.g. CISA).

Additional requirements
While majority of the time you will work from your primary location, some domestic and international travel may be required to a variety of locations where State Street operates.
Are you the right candidate
Yes!
We truly believe in the power that comes from the diverse backgrounds and experiences our employees bring with them. Although each vacancy details what we are looking for, we don't necessarily need you to fulfil all of them when applying. If you like change and innovation, seek to see the bigger picture, make data driven decisions and are a good team player, you could be a great fit.
About State Street
What we do. State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. From technology to product innovation, we're making our mark on the financial services industry. For more than two centuries, we've been helping our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients.
Work, Live and Grow. We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary by location, but you may expect generous medical care, insurance and savings plans, among other perks. You'll have access to flexible Work Programs to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential.
Inclusion, Diversity and Social Responsibility. We truly believe our employees' diverse backgrounds, experiences and perspectives are a powerful contributor to creating an inclusive environment where everyone can thrive and reach their maximum potential while adding value to both our organization and our clients. We warmly welcome candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality. Another fundamental value at State Street is active engagement with our communities around the world, both as a partner and a leader. You will have tools to help balance your professional and personal life, paid volunteer days, matching gift programs and access to employee networks that help you stay connected to what matters to you.
State Street is an equal opportunity and affirmative action employer.
Discover more at StateStreet.com/careers

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Job Detail

  • Job Id
    JD4015954
  • Industry
    Not mentioned
  • Total Positions
    1
  • Job Type:
    Full Time
  • Salary:
    Not mentioned
  • Employment Status
    Permanent
  • Job Location
    KA, IN, India
  • Education
    Not mentioned
  • Experience
    Year